By Kate Holton
LONDON (Reuters) – The outgoing boss of Pearson hailed the wisdom of his lengthy and often painful battle to rebuild the education group for a digital generation on Wednesday after COVID-19 accelerated the switch to online learning.
John Fallon, who issued a string of profit warnings as students moved from expensive textbooks to digital learning, said the company would not have been able to cope with the rapid shift online during the pandemic had it not previously prepared.
While group sales fell in the first nine months due to cancelled tests and closed schools, global online learning jumped 32% in the third quarter.
Fallon said while he “owned” the profit downgrades and the shareprice drop – falling more than 50% during his tenure – he said he had also earned the right to ask where the company would be if he had not taken out costs and invested in digital.
“The future of learning is digital and as you can see from these trends, Pearson is going to play a very very big part in it,” he said.
Its shares rose 3% in early trading.
The company, which has appointed former Disney executive Andy Bird as its new CEO from next week, said group sales fell by 14% in the first 9 months, a slight improvement from the half-year, when group sales were down 17%.
Online learning sales jumped and it recorded growth in digital and subscription services in its historically difficult U.S. courseware arm.
Pearson remained on track to hit market forecasts, with analysts expecting the group to post adjusted operating profit of 332 million pounds ($429 million) in 2020. It had forecast profit of up to 490 million pounds in February and delivered 581 million pounds in 2019.
It also warned that larger than usual
Unity paid a Lead Backend Engineer in California a salary of $225,000
Engines require engineers. A majority of the jobs Unity hired for from overseas candidates were engineering positions. These workers help determine the broad swath of what Unity’s software can do. Some were common positions in software development, like backend engineers who work behind the scenes. Others were more idiosyncratic, like a “Robotics Simulations Engineer.”
Backend Engineer: $140,000 – $117,770
Backend Engineer, Monetization: $140,000 – $117,770
Backend Software Engineer, Golang: $159,000 – $137,259
Dev Ops Engineer: $120,000 – $81,141
Engineering Manager: $175,000 – $160,701
Full Stack Engineer, Monetization: $140,000 – $119,122
Full Stack Engineer, Monetization Engineering: $165,000 – $137,259
Lead Backend Engineer: $225,000 – $156,749
Lead engineer: $140,000 – $117,770
Lead Virtual Reality Engineer: $190,032 – $153,795
Machine Learning Engineer: $160,000 – $113,381
Machine Learning Graphics Engineer: $165,000 – $140,670
Robotics Simulations Engineer: $130,000 – $104,291
Senior Data Engineer, Monetization: $205,000 – $168,958
Senior Engineer, Monetization: $200,000 – $156,749
Senior Software Development Engineer in Test: $190,000 – $156,749
Senior Software Engineer, Machine Learning: $185,210 – $137,259
Software Development Engineer in Test: $175,600 – $153,795
Software Development Engineer in Test, Cloud Live Production: $150,000 – $124,134
Software Development in Test, Platform Foundation: $190,200 – $156,749
Software Engineer: $158,000 – $101,546
Software Engineer, Backend: $150,000 – $122,824
Software Engineer, Data: $142,000 – $117,770
Software Engineer, Desktop: $120,000 – $101,546
Software Engineer, Distributed Systems: $132,000 – $82,000
Software Engineer, Machine Learning: $167,500 – $122,824
Software Engineer, Monetization: $145,000 – $117,770
Software Engineer, Monetization DevOps: $140,000 – $117,770
Staff Data Engineer, Monetization: $200,000 – $156,749
UI Tools Engineer: $135,000 – $101,546